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Oi hires financial adviser for help in judicial reorganization process
By Caroline Salls
Pittsburgh, Nov. 22 – Oi SA hired Laplace Financas as its financial adviser to assist in the judicial reorganization process of the company and its subsidiaries, according to a 6-K filed Monday with the Securities and Exchange Commission.
The subsidiaries include Telemar Norte Leste SA, Oi Movel SA, Copart 4 Participacoes SA, Copart 5 Participacoes SA, Portugal Telecom International Finance BV and Oi Brasil Holdings Cooperatief UA.
Oi is a Rio de Janeiro-based telecommunications service provider. It filed for Chapter 15 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York on June 21 under case number 16-11791.
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